News

Oil and gas prices lift Chevron’s profits to 8-year high Earned $6.11 billion

• 29 October, 2021
• 5:04 pm EEST

Chevron, the US company, posted its highest quarterly profit in 8 years, thanks to higher oil and gas prices and a pickup in auto fuel demand that boosted refining margins. The strong results came a day after US lawmakers questioned…

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Kenya plans to generate electricity from LNG as an alternative to oil by 2030

• 28 October, 2021
• 5:54 pm EEST

Kenya is on the right track to clean energy by converting heavy oil power plants to liquefied natural gas by 2030. In this context, the state-owned Kenya Electricity Generating Company (Kengen) is planning to conduct a feasibility study to restructure…

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London restricts movement of diesel and petrol vehicles as low-emissions zone expands They charge a fee of up to £100

• 27 October, 2021
• 3:37 pm EEST

The British capital, London, has begun implementing the "Ultra Low Emission Vehicle Zone" (OLV) rules, as it seeks to provide clean air for future generations. From 25 October, drivers of petrol vehicles manufactured before 2005 or diesel cars manufactured before…

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European Forex news roundup: the dollar is somewhat weaker, while equities are firmer.

• 26 October, 2021
• 4:09 pm EEST

European Forex news roundup: the dollar is somewhat weaker, while equities are firmer. Forex market news during the European trade session on October 26, 2021 For the most part, it was a calm session with few major stories, since the…

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Future Investment Initiative.. BlackRock expects oil prices to reach $100 per barrel

• 26 October, 2021
• 3:06 pm EEST

The CEO of BlackRock, the world's largest asset management company, Larry Fink, during his participation in the Future Investment Initiative, which kicked off today in the Saudi capital, Riyadh, expected oil prices to reach $100 a barrel. He said that…

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